Van ECK Associates Corp Raises Stock Position in VanEck Commodity Strategy ETF (BATS:PIT)

Van ECK Associates Corp boosted its position in VanEck Commodity Strategy ETF (BATS:PIT) by 7.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,640 shares of the company’s stock after buying an additional 25,867 shares during the quarter. Van ECK Associates Corp owned 0.72% of VanEck Commodity Strategy ETF worth $17,670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PIT. Flow Traders U.S. LLC acquired a new position in VanEck Commodity Strategy ETF in the 1st quarter worth $3,254,000. ORG Partners LLC acquired a new position in VanEck Commodity Strategy ETF in the 2nd quarter worth $1,343,000. Finally, Sheets Smith Wealth Management lifted its holdings in VanEck Commodity Strategy ETF by 40.5% in the 1st quarter. Sheets Smith Wealth Management now owns 12,471 shares of the company’s stock worth $614,000 after buying an additional 3,597 shares in the last quarter.

VanEck Commodity Strategy ETF Trading Up 0.6 %

Shares of PIT stock opened at $49.42 on Wednesday. The business has a 50 day moving average price of $48.01 and a two-hundred day moving average price of $48.59.

About VanEck Commodity Strategy ETF

The VanEck Commodity Strategy ETF (PIT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund that invests in commodity securities from the energy, precious metals, industrial metals, agriculture and livestock sectors. The fund uses an optimized process to maximize risk-adjusted returns.